Question

What would Wells Fargo VRIO be? VRIO = value, rarity, imitability, and organization.

Answer 1

VRIO stands for Value, Rarity, Imitation ability and Organization, for the organization Wells Fargo, VRIO analysis is prepared and stated below:

Value: Wells Fargo hold strong position and maintain brand reputation, higher reliability in the eye of customers, further, credit rating of Wells Fargo is also outstanding, they provide versatile products and services, according to source, they have been considered as second largest Financial Institution considering their deposit value.

Rarity:

They have strong financial resources and large number of employees that amounting to 280K across the globe. Employees are highly trained and skillful, again, employee turnover for this company is also comparatively less.

Imitation ability:

First of all, Wells Fargo has huge man force, financial resources as acquired by them, are very costly, however, this brand can be imitated, as this organization can be compared to other banks.

Organization:

Wells Fargo has been growing continuously and they have created value for customers, services as offered by wells Fargo are Credit Cards and Mortgage, Investment Banking, other Banking activities. They have strong existence since Year 1852, they stand for displaying longevity and have appropriate management and Team in place to manage the regular/periodic activities.